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The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital to expand its solar energy generation capacity in India. The ADB and Avaada entered into an agreement which was signed by the chairman of the […]

Recognized as one the leading mining nations in the world Polish government has prepared ‘West Bengal Project’ that was discussed recently during Bengal Global Business Summit. Poland was partner country of the summit for a third time in a row. Poland looks for collaboration with both PSUs and the biggest private players. During a recent […]

India’s SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter told Reuters. Shares of SpiceJet rose as much as 7.2 percent on Wednesday in their biggest percentage gain […]

Indian companies are welcome to participate in Indonesia’s infrastructure projects, particularly in the Aceh province, as the island nation makes development a priority, a senior minister has said. Addressing a gathering of chief executives of the Indian companies at the 2nd India-Indonesia Infrastructure Forum (IIIF) in Jakarta, country’s Coordinating Minister of Maritime Affairs Luhut Binsar […]

Zero tolerance for any safety violations: Suresh Prabhu

With airlines in the country facing issues in Pratt & Whitney-powered Airbus planes, Aviation Minister Suresh Prabhu Friday said passengers’ safety has to be paramount and there is zero tolerance for any violation of relevant guidelines.

He said that ensuring safety is a responsibility of the Directorate General of Civil Aviation (DGCA) and “we have already directed them that at any cost, safety has to be paramount”.

“(There is) zero tolerance for any violation of safety issues,” the minister said during a Twitter livestream when asked about the issues faced by P&W engines, which are powering many A320 Neo aircraft in India.

The A320 Neos are manufactured by the Airbus. The GoAir has 49 planes in the fleet, 30 of which are Airbus A320 Neos.

“We have already given them complete freedom to operate. They (DGCA) have been directed to conduct safety audit not just of airlines but also all aspects of aviation, including aviation infrastructure. So, they are doing it,” Prabhu added.

P&W engine woes had forced both GoAir and the larger rival, IndiGo, (which operates 57 such planes) to ground some of the A320 Neos on earlier occasions too.

In a three-hour meeting Tuesday evening, the civil aviation ministry sat with senior executives of P&W, Airbus, Indigo and GoAir to review frequent on-ground and mid-air glitches that the P&W engines, powering certain Airbus planes, have been facing since their induction in early 2016.

The DGCA Wednesday said it will issue within a week an additional safety protocol directive to the airlines, which have been facing issues in P&W-powered Airbus planes.

Speaking about the Air India’s problems, Prabhu said Friday that future revenues of the company cannot service its “massive” debt and this legacy issue has to be segregated from the present challenges of national carrier.

“If you feel that future revenues can actually service the debt, it is not possible for the simple reason that the debt is so massive,” he said during the livestream held on the topic ‘Flying for All: Global Aviation Summit 2019’.

“Also, the cost of interest on the debt, when you try to service it from your revenues, the Air India can never be in profit. Therefore, we have to address the debt issue. We are proactively working with the Ministry of Finance to make it happen,” he added.

“There is a financial restructuring plan in place. Unless you deal with the legacy issues, and till these legacy issues are not segregated from the present challenges for Air India, we will not be able to address the problem,” he said.

The loss-making Air India is estimated to have a debt burden of more than Rs 48,000 crore and the government’s efforts for strategic disinvestment of the carrier failed in May last year.

The Air India has been making losses since the merger with Indian Airlines in 2007.

“We have prepared a plan… we are trying to professionalise the entire management of Air India, right from the CEO downwards so that there will be a proper management structure so that Air India can reach to newer heights,” he said.

“But anybody, who comes in, will ask this question ‘how do I deal with the legacy’. The same question I had to address when I took over as a minister. The same question, Air India’s new managing director or the new CEO or new board of directors would have to address – how do I deal with the past?” he added.

The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]